The Home Valuation Code of Conduct (HVCC) says that neither the lender nor the borrower may select an appraiser. Appraisers are assigned through a rotation at the Appraisal Management Company that is regulated by HUD (U.S. Department of Housing and Urban Development). If you happen to know your appraiser, you may request a different appraiser through your lender.

An appraisal is an estimate of value as of the date of inspection. Reconciling two different appraisal valuations for your home is very complicated, and there are many questions that would need to be answered. It all depends on how much each appraisal came in for, when each appraisal was done, the kinds of comparable sales that were used to determine that valuation, what kind of adjustments were needed and the list goes on and on. If you have any specific questions about the appraisal of your property, I suggest you speak to your lender, or feel free to contact one of our Professionals. They are extremely experienced and can answer any questions that are unique to your situation.


Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.